ANJUBAO(SZ:300155)2021-04-27 16:00Financial Performance - The company reported a total revenue of 520 million yuan for 2020, reflecting a year-on-year increase of 15%[20]. - The company's operating revenue for 2020 was ¥937.31 million, an increase of 1.43% compared to ¥924.12 million in 2019[25]. - Net profit attributable to shareholders for 2020 was ¥104.55 million, representing a 45.54% increase from ¥71.84 million in 2019[25]. - The net profit after deducting non-recurring gains and losses was ¥100.33 million, up 66.54% from ¥60.24 million in 2019[25]. - The total assets at the end of 2020 reached ¥1.72 billion, a growth of 6.99% from ¥1.61 billion at the end of 2019[25]. - The company's total revenue for the industrial sector was approximately ¥924.17 million, with a year-on-year increase of 1.08%[65]. - The company achieved a sales revenue of 937 million yuan, an increase of 1.43% year-on-year, and a net profit attributable to shareholders of approximately 104 million yuan, up 45.54% year-on-year, primarily due to improved cost control and a decrease in impairment losses[48]. - Basic earnings per share for 2020 were ¥0.19, a 46.15% increase from ¥0.13 in 2019[25]. - The weighted average return on equity was 8.21%, up from 5.99% in 2019, indicating improved profitability[25]. Market and Product Insights - The company’s main products are closely tied to the real estate sector, with significant sales peaks in Q3 and Q4 due to construction schedules[10]. - The company’s market share in the building intercom and smart home sectors was approximately 29.60%, an increase of 0.73% year-on-year[35]. - The company reported a total of 195.09 million units shipped in the building intercom and smart home categories during the reporting period[35]. - The company’s revenue from the intercom system was CNY 490.53 million, accounting for 52.33% of total revenue, while revenue from smart home systems decreased by 20.33% to CNY 130.08 million[64]. - The company is actively expanding its parking lot business, integrating over 100,000 parking barrier resources to create a national advertising platform[36]. - The company is developing a blockchain-based parking application, with the first phase completed for multiple parking lots[76]. - The company has launched a face recognition access control platform, which has been fully developed and released[76]. Research and Development - The company holds a total of 207 patents, including 30 invention patents, 137 utility model patents, and 40 design patents, along with 75 software copyrights, showcasing its R&D strength[51]. - Research and development expenses for the year were CNY 86.52 million, a decrease of 5.59% year-on-year, with a total of 207 patents held, including 30 invention patents[55]. - In 2020, the company's R&D investment amounted to ¥86,517,334.16, representing 9.23% of total revenue, a decrease from 9.92% in 2019[78]. - The proportion of R&D personnel decreased to 42.04% in 2020 from 42.89% in 2019, with a total of 552 R&D staff[78]. Operational Efficiency and Risk Management - The company has implemented strict credit assessments for new clients to mitigate accounts receivable risks, maintaining a low bad debt risk[9]. - The company faces risks related to raw material price fluctuations, with direct materials accounting for over 90% of operating costs[11]. - The company emphasizes the importance of timely execution of fundraising projects to enhance market competitiveness and operational efficiency[13]. - The company aims to strengthen the management of accounts receivable and inventory to enhance operational efficiency[100]. - The company recognizes the risks associated with market fluctuations and operational challenges that may impact its ability to achieve its 2021 goals[98]. Dividend and Profit Distribution - The company’s profit distribution plan includes a cash dividend of 0.37 yuan per 10 shares, based on a total of 543,370,602 shares[13]. - The cash dividend for 2020 represents 19.23% of the net profit attributable to ordinary shareholders, which was RMB 104,546,600.01[106]. - The total distributable profit for the year was RMB 346,953,899.35, with the cash dividend accounting for 100% of the profit distribution[103]. - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends of RMB 20,648,082.88 in 2019 and RMB 8,150,559.03 in 2018[106]. Corporate Governance and Compliance - The company has committed to ensuring independence in operations, finance, assets, and business, as stated in the commitment letter from the controlling shareholder Zhang Bo[110]. - All commitments made by the controlling shareholders have been strictly adhered to during the reporting period, with no violations reported[111]. - The company has maintained compliance with all commitments made during the reporting period, with no overdue commitments reported[111]. - The company has not engaged in any business that competes with its subsidiary, Audi An, and has committed to avoiding such competition in the future[112]. - The company has engaged in related party transactions amounting to 11.48 million yuan, primarily involving sales to Longhui Electronics[123][124]. Employee and Management Insights - The company had a total of 1,313 employees, with 552 in technical roles, 338 in sales, and 101 in production[177]. - The total remuneration paid to directors, supervisors, and senior management in 2020 was approximately 7.8007 million yuan[174]. - The company emphasizes employee training, with plans to enhance management and corporate culture training in 2021[180]. - The governance structure complies with relevant laws and regulations, ensuring shareholder rights are protected[183]. - The company has established a comprehensive performance evaluation and incentive mechanism for senior management, promoting the achievement of both short-term and long-term goals[185]. Future Outlook and Strategic Goals - The company aims to leverage the growing demand for smart home systems and intercom systems driven by the real estate sector's shift towards high-quality and differentiated products[94]. - The company plans to develop and expand its product lines, focusing on smart home, smart access control, and intercom systems, while actively participating in community renovation projects[96]. - The company has set its 2021 operational goals to enrich its product line and extend its industrial chain, particularly in smart home and intercom systems[97]. - The overall real estate market in China is expected to stabilize, with a focus on high-end and humanized development, providing a favorable environment for the company's growth[95].